Loan Modification
Delmarva Home Relief, LLCSee Hours
| Monday | 9:00 AM - 7:00 PM |
|---|---|
| Tuesday | 9:00 AM - 7:00 PM |
| Wednesday | 9:00 AM - 7:00 PM |
| Thursday | 9:00 AM - 7:00 PM |
| Friday | 9:00 AM - 7:00 PM |
About
About This Business
Products and Services
Business Details
- Local BBB:
- BBB of Greater Maryland
- BBB File Opened:
- 5/13/2011
- Business Started:
- 1/1/2011
- Business Incorporated:
- 1/25/2011
- Type of Entity:
- Limited Liability Company (LLC)
Additional Contact Information
- Principal Contacts
- Mr. Michael A. Nolen, President/CEO
- Customer Contacts
- Mr. Michael A. Nolen, President/CEO
- Fax numbers
- Primary Fax: (410) 548-2501
- Additional Phone Numbers
- Other Phone: (410) 860-8479
Licensing information
- According to the Maryland Mortgage Assistance Relief Services Act, enacted July 1, 2013, this company is no longer required to hold a Credit Service Business license.
As explained by the Office of the Commissioner of Financial Regulation website "As short sales have become more prevalent, questions have arisen as to which parties may provide assistance in executing short sales and how those parties may be compensated. Under current Maryland Law, the negotiation of short sales generally requires licensing under the Maryland Credit Services Businesses Act (MCSBA)."
"During the 2013 legislative session, the Maryland General Assembly passed the Maryland Mortgage Assistance Relief Services Act (the Md. MARS Act).2 Mortgage Assistance Relief Services is defined as a service, plan, or program that is represented, expressly or by implication, to help homeowners prevent or postpone foreclosure or help them get other kinds of relief, like loan modifications, forbearance agreements, short sales, deeds-in-lieu of foreclosure, or extensions of time to cure defaults or reinstate loans. The legislation enacting the Md. MARS Act also amended the MCSBA to specifically exclude Mortgage Assistance Relief Service providers after the Md. MARS Act goes into effect on July 1, 2013."
"As such, the providers of these services will no longer require a Credit Services Business License. Instead, the Commissioner of Financial Regulation and the Office of the Attorney General are authorized to enforce to the Md. MARS Act, which include disclosure requirements, prohibitions against misrepresentation of services and, as under the MCSBA, a ban on up-front fees."
BBB encourages you to contact the Office of the Commissioner of Financial Regulation to confirm this information: http://www.dllr.state.md.us/finance/advisories/advisory-shortsales.shtml or 410-230-6100.
Additional Information
- Refund and Exchange Policy
- IMPORTANT NOTICE: You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender (or servicer). If you reject the offer, you do not have to pay us. Delmarva Home Relief, LLC is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.
- Business Categories
- Loan Modification, Paralegal, Foreclosures, Bankruptcy Assistance, Short Sale, Forensic Loan Audit
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